HomeNewsBankingIndia Forex Reserves dropped By USD 1.466 Billion To USD 633.614 Billion

India Forex Reserves dropped By USD 1.466 Billion To USD 633.614 Billion

India Forex Reserves dropped By USD 1.466 Billion To USD 633.614 Billion – As per the RBI data, India’s foreign exchange reserves have been declined by USD 1.466 billion to USD 633.614 billion in the week ended December 31st, 2021. in the week ended September 3, 2021, India’s foreign exchange reserves reached a lifetime high of USD 642.453 billion.

  • The reason behind this was a decline in foreign exchange reserves was on account of a fall in foreign currency assets (FCA), a major component of the overall reserves.

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